There will be extra travelling costs (for the applicant, his family members, and the Comoros The program The Governments of the UAE and Kuwait entered an agreement with the Union of the Comoros, a small volcanic archipelago off the coast of East Africa, in 2008 and 2014 respectively, to purchase passports for the Gulf’s stateless. This benefit of resolving statelessness through citizenship by investment schemes highly problematic. Processing of applications takes up to two months; no residency requirements; no personal interview. And Egypt approved a new citizenship law paving the way for a new citizenship by investment program. For centuries the Comoros played a major role in the world economy, as a stopping off point on the mercantile routes from the East towards Africa and to the West. If you have any questions regarding citizenship by investment in other countries, for instance, in the Caribbean, contact us today. Main applicant must be at least eighteen years old and must be a foreign person residing outside of the Comoros; Main applicant must have no criminal record (be of good character), and must not be a member of a terrorist organization; Main applicant must have made an government donation in the prescribed amount; The application procedure is personal (not only for the main applicant but also for the family members). The partner government selects the candidates following a background check conducted by the partner government. We asked for the cheapest family passport, they went as far as providing us a discount” – Muhamed,  UAE. Citizenship awarded by President by decree. The Comoros economic citizenship is the cheapest one among all of the existing citizenship by investment programs. However, there is the option, for wealthy individuals, of obtaining a residence permit in Germany by business investment … The official name of the country is the Union of the Comoros. In September 2016 , the Government of Cyprus introduced changes to its citizenship-by-investment program. Our law firm is an Authorized Representative of the Comoros Citizenship by Investment Program. Lifetime citizenship at a reasonable cost (compared to other second passport programs). And there are of course agency and processing fees. If you have any questions regarding citizenship by investment in other countries, for instance, in the Caribbean, contact us today. Benefits. Our platform is free to use and we do not charge any fee to clients. The Comoros citizenship-by-investment program is useful for foreigners needing convenient access to international banking and as a strategy against dire political and economic environments back home. Comoros passports created a new problem to bidoons which acted like double edged sword. Comoros Citizenship by Investment Program is not a well known solution. No physical residence requirements. Passport can be used for banking purposes. The CIP scheme hit by abuses and embezzlement of public funds. It can give you the freedom to travel without restrictions. It became independent from France on 6th July, 1975. Main Applicant: USD 45,000 one time contribution to government projects, Child 0-18 years old: USD 10,000 / Child above 18 upto 23: $20,000. At the same time, Moldova's CIP program has been suspended until December 2020. EUR 250,000 one time investment in development projects approved by Government plus EUR 100,000 contributionto Government (Grant + Investment model. In recent years the Comorian Government has made substantial efforts to improve the business climate, investment conditions and to encourage the entry of foreign investors. A total of 52,000 passports were issued under the Citizenship by investment program in Comoros. Other European citizenship through investment programs are still open in Cyprus and Malta. Dual citizenship is recognized. The capital of the Comoros is Moroni which is situated on the island of Grande Comore. The Comoros Citizenship by Investment (CCBI) was first established in 2001 in accordance with the Union of Comoros Constitution. St. Kitts & Nevis implemented the first official citizenship by investment program in 1984. This may seem like a lot but in the world of economic citizenship programs, it is a bargain. It is also not possible to invest in real estate for the purpose of residency. The table below covers all the countries and all the legal programs where second passport can be obtained in a reasonably short period of time (from 4 months to 2 years) without actual physical residency in the country, simply by investment or contribution (donation). The legal basis for the Comoros Citizenship by Investment Program is the Economic Citizenship Act passed in 2008, based on Article 19 of the 2001 Constitution of the Union of the Comoros. Citizenship: CLOSED OCT 2020: Real Estate, Business or Investment Fund: 6 months: 173: Ireland: Residency (naturalisation possible after 5 years) ... We represent multiple citizenship investment programs internationally. Further the Comoros Government confirmed the cancellation of 170 ordinary passports improperly attributed to foreigners, including some diplomatic passports. Citizenship is granted solely by decree of the President of the Republic. This benefit of resolving statelessness through citizenship by investment schemes highly problematic. – Adewale, Nigeria. Comoros did once have the cheapest instant passport worldwide, however this program was ended in 2016 by the new government. It is a sovereign island nation in the Indian Ocean located Mozambique and Madagascar. In recent years the Comorian Government has made substantial efforts to improve the business climate, investment conditions and to encourage the entry of foreign investors. Scheme Start Date: 2001 Legal Basis: Economic Citizenship Act 2008 This citizenship offers visa-free access to 45 countries. The Government officially announced from 2009 to 2016, a total of 52,000 passports were sold as part of the economic citizenship program, and as soon as President Azali Assoumani came to power, new passports were issued under this program has been suspended and only renewal files were processed on a case-by-case basis. The idea of potentially giving up yo… We must have the age in order we could quote the fees and expenses applicable in your case. If you want to set up a company, open a bank account, invest, immigrate and/or obtain residency permits and even citizenship in the Comoros Islands, get in contact with us directly for a free private consultation. The Program is regulated by the Law on Economic Citizenship as of 27 November 2008. Second Passport by Investment Programs – Comparison Table. There will be extra travelling costs (for the applicant, his family members, and the Comoros Immigration Officer) for the application procedure. Other countries offer a route to citizenship following a reasonable period of residence, such as Australia, Belgium, Bulgaria, … Today we received our passports, a happy day. Nationalities restricted from participation: Second Citizenship, Second Passport - FAQ, Second Passport by Investment Programs – Comparison Table, Honorary Consulate and Diplomatic Passport, Legal Basis for Honorary Consul Appointment, Publications on Immigration and Dual Citizenship, Temporary and Permanent Residency in Slovakia, Permanent Residence in Belgium and in other EU-countries, Immigration to Switzerland for financially independent persons, Immigration to Andorra for High Net Worth Individuals, Spanish Citizenship and Two-Stage Schemes Fraud. Citizenship Invest specializes in “Fast Citizenship Programs” through which you legally obtain a second passport in a matter of 2 to 4 months depending on the program. Passport is valid for 5 years and is renewable upon expiration. Viewing also this CIP as a security threat following 9/11, the US pressured Belize into closing the program in 2002. The authority responsible for processing citizenship applications is the National Independent Committee. Nationalities restricted from participation: French (i.e. Many people feel that the number of countries a passport allows you to visit defines the quality of that passport. The changes include the reduction of the minimum investment amount to EUR 2 million (from EUR 2,5 million) and the possibility to include the parents of the main applicant provided that an additional EUR 500,000 + VAT will be invested in the purchase of a private residence in Cyprus. Your citizenship may not be revoked, regardless of … Fast and simple process. As perhaps the only person who covers the second citizenship scene to have actually been through three CBI processes personally (St. Lucia, Dominica – which I aborted, and Comoros), I’m uniquely qualified to speak on this subject. The authority responsible for processing citizenship applications is the National Independent Committee. Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. Citizenship by Investment Immigration by Investment and Tax Residency Incorporate your Company International Bank Account Options Strategic Internationalization Credit card payments are collected by Incorporations Payments LLC with address at 26031 72nd Av NW, Suite O167, Stanwood, WA 98292 There are an increasing amount of second residency and second citizenship programs … The population, excluding Mayotte, is estimated at 798,000. Free copying in on-line editions is allowed in case of saving the HTML-formatting "as-is" including this copyright. It looks like that Comoros Citizenship by Investment Program has the most affordable cost of all such official solutions. Following the collapse of the … When you send us an e-mail, please, indicate your citizenship, country of residence, and age of every family member to be included into application. Atlas Citizenship is "The Agency" that represents exclusive investors around the world willing to safely obtain a Second Citizenship or Residency by Investment. In Germany, there is basically no state program offering golden visas for investment. Comoros’ Economic Citizenship Program was terminated in September 2013 for reasons that relate to the conduct of the program and its objectives. Other countries near the Comoros are Tanzania to the northwest and the Seychelles to the northeast. The CIP scheme hit by abuses and embezzlement of public funds. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. In exchange, Comoros receives a fee for each passport issued. citizens of the French Republic), Iranians. Best Citizenships is now a part of Yellow network, “Very honest and professional service. The last significant amendments to the citizenship by investment scheme were made in 2013. Since independence in 1975, the country has experienced numerous coups d’état and as of 2008 about half the population lives below the international poverty line of US dollars 1.25 a day. At a price of USD 45,000 for an individual or about USD 85000 for an entire family, Comoros’ citizenship-by-investment program is the world's most affordable. Consequently, EU residency by investment will no longer be possible in the jurisdiction effective immediately. They’ve been around for decades, primarily as a way for countries to boost their incomes. There's a fast economic citizenship you've never heard of, do you want to learn more? At the same time in some cases, when passport is needed as some sort of security (like insurance policy) or for banking purposes it can be recommended. As for the professional fees, please, contact us to receive a quotation. Comoros may well open a citizenship by investment in the future, with change in political climate in the country. Fast and efficient application process of approximately 2-4 months from application submission with no visit required. Citizenship-by-Investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life. This program allows foreign investors to obtain the long-term visa (10 years) by making an investment in the country. Highly recommended people”. Acquiring a second passport and citizenship offers many advantages. Comoros citizenship by investment program provides you the opportunity to legally acquire a new nationality and a Comoros second passport promptly whilst enabling global mobility for you and your family. However, processing times may vary depending on the complexity of each individual case. Over the years, we have helped countless clients gain Cyprus citizenship, and acquire a second passport from Cyprus by investing in accredited, legitimate and legal programs. A few years later, Kuwait followed suit and invested several hundred thousand million US dollars in exchange for 36,000 Comorian passports. Once they had obtained the Comorian passports, the Bidoons ‘ceased to be stateless’, but the new passports explicitly forbade them to enter the African island. The Comoros economic citizenship is the cheapest one among all of the existing citizenship by investment programs. No notification about new citizenship to your home authorities. It was one of the cheapest citizenship by investment program ever existed in Africa. What makes CBI online platforms so popular? In addition to many smaller islands, the country consists of the four major islands in the volcanic Comoros archipelago: Grande Comore, Mohéli, Anjouan, and Mayotte. Through these programs, you can keep your current nationality while enjoying the benefits of a second one. Main applicant: 45,000, spouse: 20,000, child 0-18 years old: 10,000. March 2017 - Hungary Economic Citizenship Program Closes The Hungarian Residency Bond Program has been placed on moratorium by the nation's Government. What happened to Comoros Citizenship by... officially announced no new passports would be issued, How to get Ireland Permanent Residency for €400K, St Kitts is the Rolls Royce of Citizenship by Investment. “Thank you for your excellent service. Today more than 40,000 people in UAE carry comorion passports. Ireland Citizenship by Investment The three-day investment migration conference organized by Henley & Partners a global leader in residence and citizenship planning took place at the swanky Savoy Hotel in London and was attended by Prime Ministers and government officials from the leading Citizenship By Investment Programs including those from the Caribbean along with 400 industry experts, advisors, and partners. Main applicant: 45,000, spouse: 20,000, child 0-18 years old: 10,000. Citizenship is granted solely by decree of the President of the Republic. Besides the investment, candidates need to pass a background check, have to do a medical test and buy a health insurance policy. This material is protected by copyright laws. The typical processing time is two months from the moment you submit a complete application. Further amendments to the citizenship by investment scheme were made in 2013. Citizenship by Investment Program of Turkey Countries are defined by the power and strength of their passport on the Henley Passport Index and The Passport Index. When you looked at those ratings, you can see that the Turkish Passport is the world's strongest 39th according to 2019 evaluations. Important Notice: Comoros citizenship-by-investment program was closed (terminated) by the Comoros Government from May 2017. The Citizenship by Investment program is part of this effort. Please, note that e-mails and questions regarding Comoros citizenship will not be answered. All the fees are in US dollars. The cheapest Citizenship-by-Investment program available, it has also proven to be the most delinquent with passports sold as unregulated commodities. Comoros passport program remained so popular, despite comoros having visa free access only 52 countries in the world. Montenegro Citizenship by Investment Program Will Be Closed December 04, 2020 / Alina Konkina Commissioner for the composition of the new government, Zdravko Krivokapich, said that the Citizenship by Investment program, which has been operating since the beginning of 2019, will not remain in force. The first phase of the scheme, from 2006 to 2011, was meant to earn Comoros $200 million in return for giving citizenship to 4,000 stateless families. New passports also made them vulnerable to deportation from their countries of residence. Mayotte, however, has never been administered by an independent Comoros government and continues to be administered by France (currently as an overseas department) as it was the only island in the archipelago that voted against independence in 1974. Comoros was the first country to launch a Citizenship by investment program in Africa. In Jan 2018,  The Ministry of Interior and Ministry of Foreign affairs officially announced no new passports would be issued under economic citizenship scheme. Visa Free Entry or Visa on Arrival for the Comorian citizens: Armenia, Azerbaijan, Bangladesh, Belarus, Bermuda, Bolivia, Cambodia, Cape Verde, Cook Islands, Djibouti, Dominica, East Timor, Ecuador, Egypt, Ecuador, El Salvador, Federation States of Micronesia, Georgia, Haiti, Hong Kong (SAR China), Iraq, Jordan, Kenya, Korea (South), Laos, Liberia, Macau, Madagascar, Maldives, Malaysia, Mauritius, Mongolia, Mozambique, Nepal, Nicaragua, Niu, Palau, Panama, Philippines, Saint Lucia, Samoa, San Marino, Sao Tome & Principe, Saint Kitts & Nevis, Saint Vincent & the Grenadines, Singapore, Seychelles, Sri Lanka, Syria, Tanzania, Togo, Tuvalu, Uganda, United Arab Emirates, Zambia. Union of Comoros Citizenship by Investment. The Citizenship by Investment program is part of this effort. No risk of losing money without getting the desirable result (Government donation is to be made only after the approval). Comoros citizenship by investment programs, is widely recognized as the cheapest among all existing citizenships by investment programs and also has one of the fastest processing times. No need to renounce your current citizenship. The Comoros, officially the Union of the Comoros, is a sovereign archipelago island nation in the Indian Ocean located at the northern end of the Mozambique Channel off the eastern coast of Africa between northeastern Mozambique and … “Latest update – The program is currently closed.” After approval, you will get your Comorian citizenship (the Certificate of Naturalization and passport). 45000 USD to be exact. All the fees are in US dollars. The government fees are as follows. As we can see from the list above the visa free travel with the Comorian passport is rather limited (40 + countries). The Comoros is the only state to be a member of the African Union, Francophonie, Organization of Islamic Cooperation, Arab League, and the Indian Ocean Commission. Serving HNW clients since 2011. The program bestowed full citizenship minus the right to vote. Important Notice: Comoros citizenship-by-investment program was closed (terminated) by the Comoros Government from May 2017. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. Comoros’ Economic Citizenship Program was terminated in September 2013 for reasons that relate to the conduct of the program and its objectives. Like other countries in similar predicaments, Comoros has resorted to selling its citizenship to anyone willing to part with a couple thousand dollars. The Economic Citizenship Program (ECP) allows Comoros to offer citizenship to foreigners who reside in partner countries. Comoros an island country in the Indian Ocean located at the  eastern coast of Africa between northeastern Mozambique and northwestern Madagascar. The list of countries can change subject to the governments’ policy. Rules of MM2H program depend on the age of the main applicant. The Union of the Comoros has three official languages – Comorian, Arabic and French – though French is the sole official language on Mayotte. The Comoros economic citizenship program was established in 2001 in accordance with the Union of Comoros Constitution. The government fees are as follows. Many stateless people applied for comoros passport only for a new identification document, rather than international travel. The investment program has been suspended following abuse of the program … Read the list of countries with visa-free and visa-on-arrival access for Montenegro passport holders. The main applicant has to pay USD 40,000, spouse USD 20,000 and minor children USD 10,000. To say that the government is desperate for cash is an understatement. Spouse and children under 18 years old are qualified. Montenegro launched a brand-new Citizenship By Investment program in November 2019, and the program is still active as of May 2020. T he citizenship by investment programs are not new. Please, note that e-mails and questions regarding Comoros citizenship will not be answered. Application can be made in Turkey or some Middle East country. Citizens of the above-mentioned countries are not eligible to apply in the Comoros. The legal basis for the Comoros Citizenship by Investment Program is the Economic Citizenship Act passed in 2008, based on Article 19 of the 2001 Constitution of the Union of the Comoros. Our law firm is an Authorized Representative of the Comoros Citizenship by Investment Program. The citizenship by investment fees as follows. The application fees amounted to US$10,000 for a single applicant and an additional $50,000 for a family of four. 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